YIELD.App Announces YLD Token Offering On TrustSwap Launchpad Dec. 7th, 2020 at 9AM PST
YIELD.App, a DeFi banking solution built for scale, has announced today that they are partnering with TrustSwap to aid in their YLD token offering on December 7th, 2020 at 9:00 AM PST.
YIELD offers a mobile app and web platform designed to provide the easiest way to invest in DeFi using crypto or traditional currencies, regardless of your financial or technological level of expertise. Simply deposit the funds, select your plan, and earn. YIELD operates under a banking, securities and asset management license and is managed by a team of experienced capital markets, FinTech, and cybersecurity professionals.
The YIELD platform
With YIELD, retail investors can earn daily returns with a starting amount of as little as $100. Users simply deposit their assets and then with a click, select their earnings strategy. They can redeem their funds at any time and the guaranteed 12% APY can be boosted to 20% by holding YLD tokens.
YIELD’s security infrastructure uses best-in-class solutions and all smart contracts and protocols it interacts with are subjected to rigorous audits. Assets are further protected by the YLD Insurance Fund and BitGo, the industry’s leading custodian.
YIELD’s long-term goal is to go beyond DeFi and provide a more rewarding digital banking experience where people around the world can easily earn interest on any currency and spend their funds using a physical debit card without ever having to think about Crypto.
Token Offering Information
Two options are available for participation in the token offering:
A) $0.07 USDT with tokens released at a rate of 1/3rd every month on Dec. 14th, Jan. 14th, and Feb. 14th 2021. This means payments happen on day 1, day 30, and day 60, for a two-month vesting period.
B) $0.11 USDT with no lockup period
Both options (A) and (B) have a max-cap of $600,000 USDT for a total of $1.2M to be raised on the TrustSwap Launchpad.
When registering for the token offering, applicants can pledge as much as they want for either option (A or B) and may choose a combination of both. As an example, if you put $2,000 for both, you’ll have pledged a total of $4,000.
- The TrustSwap Launchpad Portal at https://launchpad.trustswap.org/ will open on Dec. 7th, 2020 at 9:00 AM PST and remain open for 12 hours until 9:00 PM PST.
- During this time, anyone who wishes to participate can submit their pledged amount, KYC documents, and the ETH address that they want to use. If you are a SWAP holder, this should be the address that stakes at least 2000 SWAP and/or has the highest ‘SWAP Score’. This is also the address that payment will be sent from and where the YLD tokens will be received.
- The maximum allocation per person will be calculated at the end of the 12 hour window based on the number of participants and amount pledged.
- Eligible applicants will then be contacted via email with their payment details and next steps.
- Only one application per registered ETH address will be allowed.
The starting market cap of YLD will be $2.8m.
$YLD will be listing live December 14th
How To Participate:
Guaranteed Allocation — Stake 2000+ SWAP: Anyone who meets jurisdictional and KYC/AML requirements is eligible to participate in the YLD token sale but this does not guarantee an allocation. Eligible participants staking 2,000+ SWAP in their registered wallet on launch day are guaranteed an allocation. If over $600,000 is pledged for either round, those not staking at least 2,000 SWAP may be denied an allocation. To reiterate, staking 2,000+ SWAP from your wallet on December 7th, guarantees an allocation, pending KYC/AML review.
Guaranteed Maximum Allocation — SwapScore 5000+:
Participants with a SwapScore of 5,000 or more on launch day will receive double the maximum allocation in comparison to other participants. For example: If the max allocation amount is $2,500 per person, those with a SwapScore of 5,000 or more will have a $5,000 allocation. SwapScore is calculated based on the average amount of SWAP staked over a sixty-day period. SwapScores update daily and can be found by searching for your address here.
As part of their agreement with TrustSwap, Yield.App will be airdropping 1.5% of the total YLD token supply to wallets with the top 5000 SwapScores. This will be based on a snapshot taken on launch day and the distribution will occur 3 months after the Uniswap listing date.
Residents of the following countries are not eligible to participate: Botswana, Comoros, Democratic People’s Republic of Korea, Ethiopia, Ghana, Iran, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad and Tobago, Tunisia, United States of America and Yemen.
*The eligible countries list is selected by YIELD. If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.
** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. YIELD is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.